1932-10-06 — Page 24

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THE HONGKONG ` TELEGRAPH. THURSDAY, OCTOBER 6, 1932,

WHY NOT HAVE THAT EXTRA THIRD?

The natural laws of economices require an investor to secure the bast return especially, upon savings-trust funds consistent with safety.

The China Realty Company is one of the oldest (established more than 20. years)

real estate companies in Shanghai with a steady successful record back of it.

Capital $5,000,000 fully paid in cash.

Business turnover 1931, 45,632,300 in land and mortgages only, which not include management of doos estates. rent collections, insurance written, trustees for beneficial owners of property and sundry sources of income.

The Company are Realtors, not speculators in Real Estate... The balance sheet as of December 31, 1931 shows

Assets

Land and Buildings

at cost

Cash*

CHINA REALTY COMPANY 8% debentuRES 8% INTEREST VS ́ 6% INTEREST MEANS ONE THIRD MORE INCOME

29th, 1932.

The following exacts are takon from the Chairman's statement at the last annual Shareholders'

Meeting, February "We feel that the Debenture holder from an - Investment standpoint, is just as much an interested partner of the Company as the Common Shareholder and is entitled to his just retum on his Investment, and by the figures given on the two years' working, I think we have amply proven. that we were right that our Debenture holders should receive eight per cent. interest instead of six per cent."

"The most successful concerns of the future will be those who recognize this principle--that even banks will allocate to depositors a part of profits earned on their money over and above current rates As our balance sheets show quite of Interests. plainly the proceeds from the sale of our debenture

:

is not used for the purchase of Real Estate, as wo are not apcculators, but for investment in first class mortgages, amply secured not only by the value of the property pledged as security, but as a further security, the debentures constitute a first An claim on the total assets of the Company. analysis of the figures involved shows that avery.. debenture has behind it assets equal to three times its value.'

"

"If after careful consideration of actual facts and figures you are recolving less than 8% upon your investments and/or savings, you are not using judgment but following old customs, believing 5% and 6% are current rates."

COMPARISON

Mortgage Department, 1930-1931

Amount Commission

$12,341,726.31

3.351,055.84 1.844,259.11

Year

Amount

10,052,040 1930 1931 19,194,8€7

Market Value of

Property ¥18,662,000

34,075,565

9% Value loaned 54% 56%

Average Interest

rate 9.18% 9.33%

Average Commission

% 1.215% 0.765%

Excess Interest over 8%

Earned

3118,614

255,291 146,825

$373,905 $269,141 373,905

$122,316

Earned above 8% paid to Debenture holders— 3643,046

In the past twenty years the Company has negotiated more than one hundred million Taels in mortgages, all of which has been repaid, principal with Interest.

*Mortgages on Real Estate

held by Company .... 35,971,200 Total Debenture issue.. 4.840.700 by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and 1,170,500 of the Company's capital.

Of the above mortgages, there was assigned to investors:

1930 1931

* 6,532,660.00 $13,223,545.00

A lower rate of commission existed in 1931 due to cheap money for the greater part of the year; from As it is we earned 1.33% interest in excess of 8% September, money commenced to tighten up.

From the above it will be seen that our 8% paid on our Debentures' and $146.825 commissions. Debentures are secured by first mortgages on 56.4% of value and backed up with 35,000,000 capital

-CUT OUT & MAIL TODAY-

China Really Company,

Secretary,

70, Szechuen Road, Shanghai.

Dear Sir,

Please send me without obliga- tion on my part a copy of your last balance sheet and other information regarding your 8% debenture issue. Name

Address

This is No. 41 of a series advertisements issued

to interest Hongkong Investors in the liberal investment opportunities offered by the China Realty Company. Shanghai.

CHINA REALTY COMPANY

CAPITAL TAELS 5,000,000.00 FEDERAL INC., U. S. A.

THE REAL ESTATE MARKET PLACE OF SHANGHAI •

70

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PRISON TRAGEDY RECALLED.

JURY RETURNS SUICIDE VERDICT

The tragedy at the Lalchikok Prison on September 7 was recalled

"DADDY'S LADY FRIEND."

DOMESTIC TROUBLES OF

CAROL AIRED.

London, Oct. 8.

The domestic complications of

at the Kowloon Magistracy yester King Carol of Rumania are again day afternoon, when Mr. Butters, inspiring picturesque nowspaper sitting as Coroner, conducted an in-stories and indignant official con- quiry in the circumstances attend-tradictions.

ing the death of Prison Wardor The touching affection between Michael Rooney, who was found Prince Michael and Queen Helen with a gun-shot wound in the head, since the Prince reached England visit to his The jury empanelled conalsted a few weeks ago, on

used to such (fore-mother, has been of Messrs. AD.A. Lopes

W. D. Johnson and Charles advantage in the British popular man), Black.

press that the announcemost that Dr. J. B. Mackie, Medical Officer he is prematurely returning home of Kowloon Hospital, testified that to-morrow is ascribed to King ho received a telephone call fust Carol's resentment of these com

monte. before 2 p.m. on September 7 as a

result of which he proceeded to One account says that Prince Laichikok Prison, where he was Michael ovinces curiosity about told Warder Rooney had been "daddy's lady friend" (Madam and that King Carol found shot in the lead. On arrival

Lupescu) at the Prison, be found the deceas has heard of I-Our Own CoSTOR ed lying on the roadside, suffering

MISAPPROPRIATION

from a gunshot wound in the head,pondent. Witness Immediately sent for an ambulance and had the deceased re- moved to the Kowloon Hospital, where despite everything that could be done for him, he died about 3 p.m.

On examination, witness found that a bullet had entered the head of the deceased at a spot a quarter of an inch in front of the upper lobe of the right ear.. Death was caused by this wound.

PUBLIC MONEY FROM NZ.

LONDON OFFICE

Wellington, Oct. 5. Advice that the misappropria tion of publie money has been dio- covered in the New Zealand High Commissioner's office in London, is contained in a cablo which Mr. G. W. Forbes, Prime Minister of Deceased, witness stated, had New Zealand, announces he has from Mr. Downie been under observation in Kowloon received Hospital in July. It had been re- Stewart, Minister for Financo, ported that deceased was behaving who is visiting London. The dis- in a peculiar, manner in the mess-

Secretary to the Treasury, in re room, and he was sent to the Kow.covery was made by Mr. Park, the loon Hospital theoretically for

Two responsible officers are re- observation of his teeth but in viewing the work in London.

frental reality observation of his

ported to be Implicated, and the condition.

Mr. Jack Johnston, Principal queation of criminal proceedinge

is being considered. Warder of Laichikok Prison, was

Mr. Stewart has reported that the next witness called. Ha depos- ed that the deceased foined the ser- no blame can be attributed to the vice in 1926, and had been attach- High Commissioner, Sir Thomas ed to Lalchikok for about nine Wilford. Tho New Zealand offlco months. A 1.10 p.m. on Septem- in London announces that the ber 7, he saw Rooney at parade and amount concerned is comparative found him to be apparently ly small, but both officers have normal. Decensed was asked to been susponded.-Reuter, relieve Warder Friend and witness saw him taking over duty.

OBITUARY.

A few minutes later, when wit-

A FORMER RESIDENT ness was sitting down for his time. he heard

OF HONGKONG outside his a shot quarters, and rushing out to the

Nowa was received in Kobe by verandah he could see the deceased cable of the death in England of lying on the roadway. Immediate Mr. A. Quint Prior, a former Kobe ly after ascertaining the сливо, resident. He had been ill for a

witness had Dr. Mackie sent for.

long time.

Asked about the behaviour of Born on September 22, 1900, he the deceased in July, witness said served in the Honourable Artillery it had been reported to him that Company during the war, and folu- the deceased was behaving queerly. cd Thomas Cook and Son in 1919. He seemed to be always talking to He was frat stationed at their then himself and was constantly mut-lead Office at Ludgate Circus, and toring. He was, however, quite was transferred to Hongkong in normal while on duty. He was not 1921, to Shanghai in 1925, to Kobe married and led a quiet life, but

Chief Clerk in 1928 and brooded a lot. He was a southern Yokohama na Acting Manager in Irishman.

as

to

1928. Operated on successfully for In answer to the Coroner, wit-appendicitis in 1927, he subsequent- ness said he found the revolver a ly experienced continuous and in- few feet away from the body of the creasing bad health. In January deceased. On examining the cham- 1929 his illness had become so acute ber, he found a spent cartridge in- that he was invalided home, and be side.

underwent a major operation in Deceased was a moderate drinker London. Since then his health grew. and witness had never seen himistoadily worse and he left the Com drunk.

pany in September 1981, After hearing further evidence, Mr. Prior leaves a widow, the the Coroner anid it was unnecessary former Mias Elsie King.

to hear any more, as it was fairly

obvious that deceased had com- formed their own conclusion.

mitted suicide. The jury had The jury returned a verdict of heard of the peculiar behaviour of "Suicide whilst temporarily in- the deceased, and no doubl had sane."

GOSH/

I DO FEEL ROTTEN

-

MRS. MOTOÑO Massage.

Hand and Electric 31B, Wyndham Street.

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Appointments: KOMOR & KOMOR

or: Tel. 21070.

WHEN AT HOME

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Hongkong Telegraph.

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